There is no limit on how much you can make as a Real Estate Agent. Running your own business means that the only thing that determines how well your business does is your running of that business.
That being said, the statistics show that income for most Agents and especially new Agents is not always that high.
According to the NAR 2020 Agent Profile, “The median gross income of REALTORS® was $49,700 in 2019, an increase from $41,800 in 2018.”
How much does a real estate agent make? That is a fantastic question. If you read or watch the other video on the ROI of getting a real estate license, we talked about this a little bit now link that article below. But ultimately, if you are becoming a real estate agent, or you are a real estate agent, your income potential is limitless, right? You can really make as much or as little as you make, right. So some new real estate agents make very little in their first year or a couple years. Some new agents do really, really well. And then over time, typically for real estate agents, as they build up a database, and a sphere of influence people who know them, like them and trust them, their income grows. And so some real estate agents make little to nothing. And other real estate agents, as I’m sure you’ve seen on some of the fancy TV shows, can make hundreds of thousands of dollars a year, if not more now, NAR (the National Association of Realtors) did a study, right. They like to go out and profile their agents and ask their agents questions. And they concluded that in 2019, the median gross income for a real estate agent was about $49,000. Now, keep in mind, that’s a median number, and that doesn’t it’s a gross income number as well. So it doesn’t include things like taxes, marketing expenses, cost to get your real estate license, other fees like that, right. But the median gross income of you as an agent really can determine how much or how little you make. So hope that helps.